Bankruptcy Law
Art. 72Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Without prejudice to the rights of secured creditors, the trustee may, during the period from the initiation of the financial restructuring procedure to
the confirmation of the proposal, petition the court to approve the replacement of the security submitted to the debtor’s creditor with another
equivalent security if such action is in the interest of the majority of creditors.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded